THE ALEXANDRA TRUST Report and Flnaneixl Ststements Year ended 31 December 2024 Pa Reference and Adrninistrative Infonnation Report of the TnteeS Independent Exan]ineVs Report to the Trustees Statement of Financial Activities Balance Sheet Notes to the Financial Statements Registered Charity NO. 207362
THE ALEXANDRA TRUST (Registered Charity Number 207362) Referenee and Administrative Information Tru$tees Rev T Pyke.. Chairnwi Ms S Higgins Mr K Bharucha (resigned on 26.4.24) Mr A D Screwvala Mr J Edwards Mr A Warner Mr D M Longbottorn (resigned 28.1.25) Secretary Mr A D Screwvala Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME194JQ Inveslment Managers BlackRock Investment Managers PO Box 545, Darlington DLI 9TQ CCLA Investment Management Ltd COIF Charity Funds S¢natOT Hous¢, 85 (2uc¢n Victoria Street, London, EC4V 4ET M&G Investments PO Box 9038 Cbelmsford CM99 2XF Reglstered address Cbristchurch Vicarage Manchester Road London E14 3BN
THE ALEXANDIL4 TRUST Report of the Trusttts for the Year ended 31 December 2024 Introduction The trustees present their report along with the audited funcial statenlents of the ¢harÈty for the year ended 31 Decemb¢r 2024. The financial stst¢rnents have been prepared in accordance with the aoUnting policies set out on page 8 and comply with the charity's trust deed. the Charities Act 2011. and the Statement of Recommended Practice (SORP).. Accounting and Reporting by Charities 2005. Objectives and Publlc Benefit The objective of the Trust as set out in the original Deed of Tnt datrd 13 November 1898. is 'the provision of ch¢ap meals for the poor and their dependants and in other respects to ameliorat¢ their condition,. This objective and the Public Benefit derived is attained by distributing the income of the TTUSt to organisations who are committed to providing food andlor shclter for the homeless and the Providing th¢ means of improving the condition of the very poor. The Trust does not give donations to individuals. In considering the operation, review of 2024 and perforniance of the charity, the trustees are satisfied that public b¢n¢fit bas been provided in accordance with the Charities Act 2011 and the guidance provided by the Charity Convnission. Review of 2024 Total in¢om¢ for the year fron] investments was £17,167 (2023 £16,721). In addition, donation income was rcceived frorn the COFRA Foundation amounting to £15,290. There weT¢ no administration expenses. Unrcaliscd gains based on the market value of investments at 31 December 2024 of £304,899 (2023 -£303,027) amount¢d to £1,872 (2023 - Ios5 £(7.380)). The Trustees met on two occasions during the year once in May and November via virtual conference. Th¢ distribution of available money was discussed both for charities that bad previously received grants and thosc wbo had contacted the Trust SAnce the lasl meeting. A total of £32250 (2023 - £32,000) was distributed to organisations. cacb active in providing relief for the poor and the homeless. Future Developments The Trust's activities are to continu¢ in line with previous years. Inveslment Poliey and Perfornianee There arc no restrictions on the Fund's power to invest. Investment assets have been held with the intention of retaining them on a long-terni basis for the continuing benefit of the Fund in the foTm of both income generation and capitsl appreciation. Funds are held with BlackRock (BR Chariti¢s UK Bond Fund). COIF (Charities Propety Fwld) and M&G tnvestm¢nts (Charifiuyd). The investtnenl policy is designed to balance the need for current income with the desire to preserve the real value of the fund Tn the longer tern). The TTUStees will keep the perfornmnce of ea¢h category of investment under continuous r¢view against the policy above. The assets are currently invested in common investment funds whose perforniance is monitored against their appropriate peer groups. Report of the Trustees for the year ended 31 December 2023 (continued)
THE ALEXANDRA TRUST Risk Management The Trustees have established r¢gular reporting systems in order to estsblish whether any major stratsgic or operational risks are faced by the Fund. In th¢ opinion of the Trtees. sufficient systems and PTocedures are iti place to manage any iisks identifie Funds Available All fimds of the Al¢xandra Trust aTe uJ]restricted. Reserves Polley Th¢ Trust's policy is to distrlbute all income over the medium tenn (5 years} subject to the ret¢ntion of sufficient funds to meet any costs and unpaid donations and a small reserve of £5(Kl for ad hoc special charitable appeals. Gains in the value of investments are retained to provide a sustainable income for the fUre. This policy is review¢d annually. Grant Mgklng Polley Truste¢s have a policy of setting aside a proportion of the Charity's invesknent income each year t4J provide for grants to support projectslcharities involved with providing food andlor shelter for the homeless. Grants are made to charities twice a year. These are based on an examination of the objectives and balance sheets of Charities applying for grants, and those already in receipt of the against the Criteria set out above. Where necessary visits are made to applicants before grants are awarded. The majority of trustees have to agree to any decisions that are made. Voluntary In¢ome The Tn]st welcomes voluntary donations to augm¢nt the income obtained through its investments. Appointment of Trustees Ail new Trustees are co-opted by the Chairnian, subjecl to confirn]ation by the full board of Trnstees at the next meeting. Training and Induction ofTrustses The purposes and the methods of working of the Trust are explained to all n¢w Tt¢¢S when they start. They are eocouraged to take part in the regular visits that are made to existing and potential recipi¢nts of grants. Day to Day Management and Staffg The Alexandra Trust do¢s nol employ any paid staff. The Tru5t¢¢s do not receive any remuneration and are not reimbursed for expenses.. The financial affairs and day to day management are onduct¢d by Mr A D Screwvala on a voluntary basis. Statement of trustees, responsibilities
THE ALEXANDRA TRUST The trustees are responsible for preparing the Tntees, Annual Report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of tb¢ inco]ning reSoUeS and application of resources of the charity for that perAOd. tn preparing these financial statements, the trustees are required to: sele¢t suitable accounting poly¢ies and then apply them consistently. observe the meth(xls and principles in the Charities SORP; make judgments and estinMtes that are reasonable and prud¢nt' state wh¢ther applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatements. and prepare the financial stat¢m¢nts on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees aTe responsible for keeping proper accounling records that disclose with reasonable accurdcy at any tim¢ the financial position of the charity and ewdble them to ensure that the financial statements comply with the Clwities Act 2011. the Charity (Accounts and Reports) Regulations 2(M)8 and the provisions of the trust de¢d. Th¢y are also responsible for safeguarding tbe assets of the cbarity and hence for taking Teasonable steps for the prevention and d¢t¢ction of fraud and other ]egulaTittes. Approved by the trustees and Sigll on their behalf: Rev T Pyke Chairn]an Date: 20 June 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALEXANDRA TRUST
THE ALEXANDRA TRUST I have examined the financial statements of The Alexandra Trust for the year ended 31 December 2024 which con)prise tbe Statement of Financial Activities, the Balance Sheet and the related notes. Opinion on fiDVdnclal statements In my opinton the financial stat¢m¢nts". give a true and fair view of the state of the ¢barity'S affairs as at 31 December 2024. have kcn properly prepared in accordance with United Kingdojn Generally Accepted Accounting PractAce' and in accordance with the requirements of the Charities Act. Raymond Whiteley FCA Honoydry Independent Examiner Date: 20 June 2025 Statement of finvdnclal actlvltles for the year ended 31 December 2024
THE ALEXANDRA TRUST 024 2023 Investment income Donation Income 17,167 15,290 16,721 15,200 Charitable activities: (32,250) (32,(K)O) 207 (791 Gains /{Losses) s on investment assets 1,872 {7,380) 2,079 (7,459) 314565 322.024 314 565 31 DettmEKr All of the TTht's activities were continuing within the overall aims of tbe Trust and all amounts above are on an unrestricted basis. Bal4llce Sbeet as at 31 December 2024
THE ALEL4NDRA TRUST Notrj 2024 Investments 304,899 303,027 Debtors 2,460 17,794 Cash at bank and in hand 32,785 17,244 35 Creditors: Amounts falling due Thithin one year {23,500) (23,500) 11,745 11,538 Totsl &Kqets le&8 currnit babi]ilies 316,644 314,565 The fimds of the chari Unrestncted income funds Origina] fund Accumulatcd funds 100,038 216,606 l (K),038 214,527 316,644 314,565 The fir1ClaI stat¢m¢nts were approved by th¢ Trust¢¢s on 20 Junc 2025 and were signed on its behalf by: Rev T Pyke Chairn]an Note5 to the financial statements
THE ALEXANDRA TRUST l. Principal Accountlng Policles These fmancial statements have been prepared on a going concern b&sis, under the kn'storical cost convention. as tnodified by the inclusion of inveslments at market value. and in accordance with the Charitie8 Act 2011 "A¢counting and Reporting by Cbarities.. Statement of Recommended Practice (Revised 2005)" ('Mbe SORP"), and applicable accounting staDdards in the United Kingdom. All accounting policies are applied consistently. Funds All funds are unrestricted and availabl¢ for distribution at the discretion of the Trustees to meet the objcctives of the Trust. For presentation purposes, the funds aTe split between "Original fund" and "Accumulated" funds. The Original fund is the sum invested by Sir Thom&8 Lipton when the Tn was created in 1898. The Accumulated funds show the accumulat¢d increases since then. Investment Income AU tnveslment income is recognised on an accruals basis. Debtors Debtors represent aCcnl income from inveslments held and donation income receivable. Credltors All creditors represent grantg payable. Grants payable are recorded as payable when approved by the Trnst¢¢s and communicated to the re¢ipienL Governance costs There are no gov¢rnance costs and all services are provided on an honorary basis. Investments The investments have been ststed at their market value at the date of the balance sheet and th¢ unrealised gains and losses hav¢ bccn included in the Statement of Financial Activities. Taxation The TThst is a Tecognised charity and accordingly is exempt frojn all fornls of taxation on its charitable activities. Cash Flow Ststement Under FRS l the Alexandra Trust is exempt from the requirement to include a cash flow stst¢m¢nt as part of their fmancial stalements as they are a smaller reporting entity. Investment Income 2024 2023 Investment income Bank intcrestl(charg¢s) 17,214 (47) 16.638 (42) 16 Notes to the financial statements eontd.
THE ALEXANDRA TRUST Cbaritable activlties 2024 2023 999 Club Ace of Clubs Bow Fo(Ml Bank Christchurch Crypt Food Bank Foodbank Aid Growth Tower Hamlet8 Hackney Doorways Night Shelter Manna Society N¢ighbours in Poplar Providence Row Robes Spires The Childhood Trnst The Pavement Whit¢¢hap¢l Mission 3,000 3250 3,500 2,000 2,500 1,850 3,000 2,500 3.500 2,500 2,000 1,850 4,700 3.250 2.000 1,500 1,750 4200 3,(K)O 2,51X> 250 2,700 1.500 4,450 32 During the year the Trust paid out grants to 13 charilable institutions who are committed to providing food andlor shelter for the homeless and the means of ameliorating the condition of the vcry poor. Investments The investments are managed by BlackRock Investment Managers, CCLA and M&G Inv¢stm¢nts. They are in compliance with the Trustee Investmenl Act 1961 and are stated in the balance sheet at their rnaTket value. All inv¢stm¢nts ar¢ held in the UK. The portfolio valuation at 31 December 2022 is as follows.. 2024 2023 Unit trusts COIF Prop¢ty fund BlackRock Charities UK Bond Fund M&G Charifund 74,531 44,250 186 118 304099 75.339 46,298 303,027 Balance brought forward Acquisitions at cost Disposals at carrying value Net gainsloosscs) in value of the investments Balance earried fonvard 303.027 303,027 1,872 (7,380) 304199 303,027 Notss to the fiDantial statements contd. io
THE ALEXANDRA TRUST Related Party Transaetions The Rev T Pyke, who is the Chairman and a ttwtee of the Alexandrn TrusL is also the Chairn]an of the Parochial Church Council of ChTiSt Church who manage the Christ Church Crypt Food Bank. During the year a charttable donation of £2,(K)0 (2023 - £2,500) was made to the Cllllst Church Crypt Food Bank. 11